|
|
|
Thu 17 May 2012
Close: 10 700c 
Day's move: 250c (2.39%)
Volume: 13 500
Trades: 8
|
|
|
|
Turnover rose by 29% to R3.2 billion (R2.5 billion) and gross profit grew by 28% to R1.3 billion (R994 million). Operating profit rose by 42% to R426 million (R300 million), while profit attributable to ordinary shareholders of the group improved to R325 million (R234 million). Also, headline earnings per share increased by 28% to 1 024cps (800cps).
Dividend
Ordinary dividend number 50 of 310cps has been declared and is payable on Monday, 12 March 2012 to ordinary shareholders .
Prospects
Trading conditions for the group have improved over the past year. Rand weakness, such as occurred in the last quarter of 2011, has traditionally led to increased activity by mines and local manufacturers and this bodes well for Hudaco's Engineering Consumables segment's prospects in 2012. Demand from mining customers in neighbouring countries is expected to remain strong. Demand for power tools and digital communication equipment, products in our Consumer- related products segment, is expected to continue to be strong, but the outlook for the security products business remains weak. The strong financial position also gives plenty of ammunition for Hudaco to continue to pursue its successful acquisition strategy. Notwithstanding the economic uncertainties created by the financial crises in Europe and the USA, the board is confident that the group is well positioned to continue to grow earnings in the years ahead.
|
| |
| Click here for Results In Brief |
| |
| Click here for Results Analysis |
| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
|
|
